Nextracker Inc. (NXT)

Market Cap	6.29B
Revenue (ttm)	2.77B
Net Income (ttm)	557.54M
Shares Out	145.62M
EPS (ttm)	3.48
PE Ratio	12.39
Forward PE	11.54
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,246,211
Open	44.12
Previous Close	44.02
Day's Range	42.67 - 44.19
52-Week Range	30.93 - 62.31
Beta	2.24
Analysts	Strong Buy
Price Target	56.00 (+29.69%)
Earnings Date	Jan 28, 2025

About NXT

Nextracker Inc., an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain. It also provides TrueCapture, a self-adjusting tracker control system, which boosts solar power plant pro...

• Industry: Solar
• Sector: Technology
• IPO Date: Feb 9, 2023
• Employees: 1,050
• Stock Exchange: NASDAQ
• Ticker Symbol: NXT
• Website: https://www.nextracker.com

Financial Performance

In 2023, Nextracker's revenue was $2.50 billion, an increase of 31.42% compared to the previous year's $1.90 billion. Earnings were $306.24 million, an increase of 26692.74%.

Analyst Forecast

According to 20 analysts, the average rating for NXT stock is "Strong Buy." The 12-month stock price forecast is $56.0, which is an increase of 29.69% from the latest price.

Price Target

$56.0

(29.69% upside)

Analyst Consensus: Strong Buy